LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Outdoor Channel Holdings, Inc. (“Outdoor” or the “Company”) (NASDAQ: OUTD). On November 15, 2012, Outdoor announced that it had entered into a definitive merger agreement with Intermedia Outdoor Holdings, Inc (“Intermedia”) to acquire all outstanding stock of Outdoor. Then, on March 4, 2013, Outdoor announced it had it received an $8.75 a share cash offer from Kroenke Sports & Entertainment (“Kroenke”) which Outdoor stated “appears to be superior” to the previously announced transaction with Intermedia.
This investigation concerns whether the Board of Directors of Outdoor have breached their fiduciary duties to stockholders by failing to postpone the shareholder vote currently set for March 13, 2013 with respect to the proposed transaction with Intermedia in light of Kroenke’s offer.
If you are a shareholder of Outdoor, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org.
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